A lot of different factors go into determine the rate for a student loan. This includes rather or not the loan is backed by the Federal Government or if it is a private loan. It also depends on which Federal student loan that is being applied for.For example, a Stafford loan was previously based on an adjustable formula, the rate was set annually based on the prevailing 91 day Treasury bill, but as of July 1, 2006, the rate was fixed at 6.8%. However, some loan providers will forego a...